💼 Super Micro Computer: crisis of confidence on the wane, stocks soar! 📈

The story of Super Micro Computer $SMCI is a prime example of the journey from the bottom to the top and back to the bottom again. After a promising start to the year, when the stock gained more than 300 %, then came the turbulent months when the company was threatened with delisting from Nasdaq and its financial team was in crisis!

Yesterday, the share price rose more than 20% 🚀.

After a three-month investigation, the special committee did not confirm concerns about management collusion. The company also introduced a new chief accountant and announced it was working to strengthen its financial leadership.

It all started when accounting giant Ernst & Young stepped down as auditor and drew attention to "inadequate internal controls" and possible accounting irregularities. That raised major questions about the company's transparency. Subsequently, a report by Hindenburg Research added fuel to the fire with allegations involving sanctions violations and undisclosed transactions. 🌪️

🔍 Results of the investigation:
According to the official statement "no evidence of serious misconduct was found", suggesting the firm is trying to regain investor confidence. I think that's going to be incredibly difficult, as this company's stock has written off more than 65 %! There have been significant changes in management to prevent further similar problems.

Super Micro Computer is an example that even companies on the brink of crisis can find a way back, but not all is necessarily won.

What do you think about what is happening around this company? Did anyone get a ride on Monday's growth, or was it a big risk? Personally, I didn't go for it and I'm keeping my hands off!